Thursday, December 8, 2016

Jobs and growth

Trumps great contribution to the Republican Party is putting social issues like abortion and gay marriage on the back burner. Harry Reeds contribution is the 51 votes needed to approve cabinet nominees, the so called nuclear option. While Trump is a moderate on social issues, his cabinet indicates that he is conservative on fiscal issues. He is not a micromanager so he will likely follow the lead of his appointees. He recognizes that climate change is aggravated by fossil fuels but knows that you cannot change over to wind and solar but must move to natural gas and then look for other ways. He knows that the EPA has gone too far and must be reined in. He knows that tax rates must be lowered and you can’t touch Medicare and social security. He knows the way to attack the deficit is not by raising taxes and/or cutting spending but by growing the economy. When people and companies can keep more of their money, people will spend and companies will grow. Companies will bring home the profits they have stored overseas and with reduced regulations will expand and use innovation to develop new products. Looming on the horizon will be higher interest rates and thanks to Bush 43 and Obama the 20 trillion dollar debt will pose a big problem. Once again it will be economic growth that will come to the rescue. It all comes down to good paying jobs.

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